I have to disagree.
They are the greatest thing since sliced bread.
Just like a copyright reserves how ones intellectual property will be used, a pocket listing allows the agent to determe how the sellers or homeowners best interests will be served. The more facets of the transaction that can be controlled, the greater the benefit to the seller.
Let's understand, we have not defined what a pocket listing is. The term is a truth married to a lie.
A "LISTING" is a home for sale that is listed in the MLS. The term as commonly used does not distinguish between an exclusive, secret, FSBO or 'not for sale' home. ALL not for sale homes can be pocket listing without a more reliable definition.
I would propose that every knowledgeable agent have no less the three tiers of marketing a home to volumes of buyers and agents before it is ever considered for MLS entry and the homes degradation on aggregate websites.
Joseph is correct in one dimension of the disservice aspect. Pocket listings, by design, ignore the tire kickers, low-ballers, Big Bank Borrowers, unqualifed and unrepresented buyers. Exactly how that is a disservice to my seller has not become apparent, in any MEASURABLE aspect.
Those who respond to pocket listings know the community, know the values, and are highly motivated buyers. Who could ask for anything more? And, as we all know, real buyers come through other real estate professionals.
If you do business in FL and have pocket listings, put me in your loop.
What are you looking for??
Where are you looking?
Just a price consideration or what special would you like?
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